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18278 W Piedmont Road Goodyear, AZ 85338

3 Beds 3 Baths 2,686 sqft Built 2005

$450,000

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $167.54
  • 2 Days on Market
  • MLS # : 6173077
  • Updated Date : 12/18/2020 at 22:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,686 sqft
  • Baths : 2 full , 1 half
Listing Agent

Superstars Realty

Listing Agent's Description

** Spacious Pool Home ** This 3 Bedroom 2.5 bath with Den and Bonus Room is waiting for you!! Spacious open eat-in Kitchen with large island, wall ovens and walk in pantry. Opens to Family room and awesome view of back yard. Many upgrades throughout. Owners suite is spacious with Large Owners bathroom room, dual sinks large soaker tub and walk in closet. Secondary bedroom good size. This home has a Beautiful Pool and Spa and BBQ area that is built below a Ramada making this a true oasis. Plenty more to see - come take a look.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Estrella Mountain Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Estrella Mountain Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Estrella Mountain Elementary School Primary Regular 577 29 7
Estrella Mountain Elementary School Middle Regular 577 29 7
Estrella Foothills High School High Regular 1,037 43 5

Estrella Mountain Elementary School

  • Education Level: Primary
  • # of students: 577
  • # of teachers: 29
7
GreatSchools Rating

Estrella Mountain Elementary School

  • Education Level: Middle
  • # of students: 577
  • # of teachers: 29
7
GreatSchools Rating

Estrella Foothills High School

  • Education Level: High
  • # of students: 1,037
  • # of teachers: 43
5
GreatSchools Rating
 

$405,000$495,000$450,000

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,660
Property Tax -$398
Property Insurance -$80
HOA -$37
Property Management Fees -$99
CASH FLOW
-$224

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$450,000

PROJECTED PRICE

$2,050

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

2.75

YEARS SAVED

$11,622

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,050

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,927

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8953$2,0004$2,0005$2,050
$2,050
RENT COMPS ANALYSIS
  • 18278 W Piedmont Road Goodyear, AZ 5
    • 3 beds 3 baths ∙ 2,686 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,686 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.76
    •  
  • 18350 W La Mirada Drive Goodyear, AZ 1
    • 4 beds 3 baths ∙ 2,461 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,461 Sqft ∙ Built 2003
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.73
    •  
  • 10183 S 184th Drive Goodyear, AZ 2
    • 3 beds 2 baths ∙ 2,563 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,563 Sqft ∙ Built 1999
    property image
    LEASED 12/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.74
    •  
  • 17604 W Copper Ridge Drive Goodyear, AZ 3
    • 4 beds 2 baths ∙ 2,906 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,906 Sqft ∙ Built 2001
    property image
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.69
    •  
  • 17806 W Paseo Way Goodyear, AZ 4
    • 3 beds 2 baths ∙ 2,806 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,806 Sqft ∙ Built 2004
    property image
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.71
    •  
PROPERTY LISTING DETAILS
Arthur Welch
Superstars Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173077
Last Updated: 12/18/2020
support@investimateroi.com

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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